clsa

Goldman Sachs maintains a neutral stance on ITC, anticipating cigarette tax impacts. Citigroup is bullish on LIC, citing strong operational performance and margin expansion. Jefferies raises its target for Nykaa, impressed by robust growth and improving margins. clsa sees significant potential in Honasa, with strong revenue and margin growth. Morgan Stanley remains overweight on LG Electronics India, despite margin pressures.

HSBC initiates SRF coverage with a buy, citing strong growth potential in specialty chemicals and performance films. Jefferies is bullish on Grasim, expecting increased capital availability for growth. Nomura sees Adani Ports expanding its marine business significantly in Europe. clsa maintains a hold on Tata Power, believing the worst is over.

Leading financial institutions offer mixed outlooks on Indian stocks. Morgan Stanley sees SBI facing NIM challenges, while Goldman Sachs is bullish on Titan's jewellery segment. clsa notes Bank of Baroda's core performance is mixed despite loan growth. Nomura backs Swiggy, highlighting food delivery strength and quick commerce competition. HSBC anticipates Hyundai's market share recovery and new launches.

Indian Hotels saw strong Q4FY26 results with revenue up 14% and profit by 15%, driven by robust hotel operations. UPL's Q4FY26 revenue grew 18%, but earnings were impacted by provisions. Oberoi Realty's Mumbai market shows promise, while PVR reported a 24% revenue jump. Nuvama's wealth and asset servicing segments are performing well.

Analysts are bullish on Adani Ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.

The fall in HCL Technologies’ stock price wiped out around Rs 38,000 crore in market value and brought its total market capitalisation down to about Rs 3,53,000 crore.

Bharti Airtel is boosting its data centre investments, while Jubilant Foodworks exits Dunkin' to focus on Domino's. Indigo appoints a new CEO with extensive aviation experience. Nephrocare Health Services shows strong growth potential in dialysis services. RateGain Travel stands out with its unique travel-tech solutions and AI resilience.

Among individual stocks, Coforge and Persistent Systems surged more than 4% each. TCS, the country’s largest software exporter, advanced around 3%, while LTIMindtree also posted gains of over 3%.

Analysts have adjusted targets for several companies, with UBS neutral on Cipla citing supply headwinds despite a healthy pipeline. Motilal Oswal initiated coverage on Bajaj Finserv with a neutral rating, highlighting its strong customer base and predictable earnings. Jefferies is bullish on LG India, anticipating price hikes due to rising costs and a weak rupee.

On the back of SKS Micro Finance filing red herring prospectus for a possible IPO, another MFI - Equitas - has managed to attract $24 million from clsa Capital. While the exact stake picked up by clsa Capital Partners is not known, sources said it was a minority stake for $24 million.

clsa, an Asian brokerage and investment group, has said the interest of foreign institutional investors in India is nearing a short-term peak due to the lack of market triggers and heavy overweight positions.

New Delhi, May 13 () Reliance Retail's LYF smartphone could become a USD 1 billion brand in 2016-17 and corner a market share of about 7 per cent, brokerage firm clsa predicts in a report.

Reliance Industries' shares may see a boost from strong Q1 earnings, with clsa projecting improvements across retail, telecom, and O2C businesses. Retail is expected to show high-teens EBITDA growth, while Jio anticipates significant subscriber additions. The upcoming AGM could provide insights into the Jio IPO and expansion plans in various sectors.

clsa's report suggests India's appeal as a defensive investment is waning due to easing US-China trade tensions and improved regional diplomacy. With reduced global risk, investment flows may shift from Indian to Chinese securities.

Broker clsa has stopped selling the derivatives through which foreign investors buy into Indian securities because of uncertainty over tax treatment the $36 billion industry may face, according to several sources.

Indian banks' exposure to the Adani Group is within manageable limits, said brokerage houses clsa and Jefferies, as the group fend off an attack from well-known short-seller Hindenburg Research.